IAS 37Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › IAS 37This topic has 1 reply, 2 voices, and was last updated 3 years ago by John Moffat.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts June 10, 2020 at 1:01 am #573321 Sourav9271ParticipantTopics: 170Replies: 120☆☆☆When a contingent liability is “PROBABLE” does it automatically gets converted to provisions?Do we have to recognise it in FS as a provision? June 10, 2020 at 9:55 am #573358 John MoffatKeymasterTopics: 56Replies: 53746☆☆☆☆☆Yes – it is recognised as a provision.This is all explained in my free lectures on IAS 37. The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In